Florida Financial Advisors LLC Buys 3,125 Shares of Walmart Inc. (NYSE:WMT)

Florida Financial Advisors LLC raised its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 26.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,992 shares of the retailer's stock after acquiring an additional 3,125 shares during the period. Florida Financial Advisors LLC's holdings in Walmart were worth $1,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Keystone Investors PTE Ltd. purchased a new stake in shares of Walmart in the fourth quarter worth approximately $25,619,000. Bay Capital Advisors LLC purchased a new position in Walmart during the 4th quarter valued at $500,000. Potentia Wealth bought a new position in Walmart in the 4th quarter valued at $410,000. Mosaic Advisors LLC purchased a new stake in Walmart in the fourth quarter worth $445,000. Finally, PKS Advisory Services LLC purchased a new stake in shares of Walmart during the fourth quarter valued at $596,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $87.56 on Tuesday. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market cap of $701.92 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company's 50 day moving average is $95.12 and its 200 day moving average is $89.19.

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Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares of the company's stock, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,777 shares of company stock valued at $18,001,116. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMT. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Guggenheim restated a "buy" rating and set a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Finally, Jefferies Financial Group increased their price target on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.17.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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